EP 13. Following purchase return transactions are given. Baisakh 3 Returned to Hari - 2 tape recorders @ Rs. 1,000 each -1 radio of Rs. 500 - (Trade discount 20%) Baisakh 5 Returned to Bishnu - 2 telephone sets @ Rs. 5,000 each less 10% trade discount Returned to Naryan Baisakh 8 -3 telephone sets@ Rs. 1,000 each -4 heater sets @ Rs. 2,000 each Required: (a) Purchase return (return outward) book (b) Purchase return account. Ans: (a) Rs. 22,000 (b) Rs. 22,000

EP 13. Following purchase return transactions are given. Baisakh 3 Returned to Hari - 2 tape recorders @ Rs. 1,000 each -1 radio of Rs. 500 - (Trade discount 20%) Baisakh 5 Returned to Bishnu - 2 telephone sets @ Rs. 5,000 each less 10% trade discount Returned to Naryan Baisakh 8 -3 telephone sets@ Rs. 1,000 each -4 heater sets @ Rs. 2,000 each Required: (a) Purchase return (return outward) book (b) Purchase return account. Ans: (a) Rs. 22,000 (b) Rs. 22,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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